Japanese retail

Retail sales across Japan are on the up as the economy shakes itself down and prepares for another consumer boom like the one it saw in the 80s. In particular, rising demand for expensive commodities like designer jeans suggests good times are ahead for Japanese retail and apparel businesses, writes Michael Fitzpatrick.

Retail sales across Japan are on the up as the economy shakes itself down and prepares for another consumer boom like the one it saw in the 80s. In particular, rising demand for expensive commodities like designer jeans suggests good times are ahead for Japanese retail and apparel businesses, writes Michael Fitzpatrick.

As Japan girds itself for a repeat of last year’s government-led energy conservation program called Cool Biz, where office workers dressed for a less air-conditioned working environment, tie makers are complaining the scheme is putting them out of business.

Fast Retailing, which operates the Uniqlo casual clothing brand, has decided to set up a fully owned subsidiary to develop its new casual wear brand. The group also said it would liquidate its subsidiary National Standard.